Vara Technology Private Limited - Due diligence report

A 360° intelligence report on Xenolith Technologies: trust score, financial health, credit view, compliance, directors, growth and distress …

1999-09-14 Kolkata, West Bengal Active Unlisted Active Compliant
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VT Vara Technology Private Limited
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  • Director details, charges & MCA documents
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Xenolith Technologies — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Xenolith Technologies is assessed as Low Risk with a Trust Score of 86/100. Xenolith Technologies is an active private limited indian non-government company incorporated in 1999, operating in the Information Technology sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Vara Technology Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 20 satisfied (154.44 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others17 48.0 cr
Srei Infrastructure Finance Limited3 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VISHAL ARORA 01234567 Director 01/04/2018 6 yrs Approved
ANIL GUPTA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
4
Group entities
4
Capital events
0 allotment(s) · 3 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Bharat Connect Technologies Private Limited Subsidiary Company 74.00%
Vara Infrovate Private Limited Subsidiary Company 74.00%
Fujisoft Vara Private Limited Subsidiary Company 74.00%
Digicard Services Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 65
Growth signals & trust indicators
Net margin improved to 1.42.
EPFO headcount growing - hiring signal.
Operating for 26+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Nov 2023
Director ceased
Rakesh Kumar Anand
30 Sep 2022
Director ceased
ANIL GUPTA
31 Jan 2022
Director appointed
ANIL GUPTA (Director)
30 Nov 2021
Director ceased
JAYANTA NATH MUKHOPADHYAYA
31 Dec 2020
Director ceased
ARAKKONIMADOM RAGHUPATHY VISHWANATHAN
28 Aug 2020
Charge satisfied
Others
30 Dec 2019
Director ceased
VISHAL ARORA
31 Mar 2019
Share transfer (FY 2019)
100.00000000 shares to MAHESH KUMAR NAGWAN
11 Jan 2019
Charge created
Others - 56.73 Lakh
10 Dec 2018
Charge created
Others - 46.87 Lakh
06 Dec 2018
Director appointed
VISHAL ARORA (Director)
15 Oct 2018
Charge created
Others - 38.60 Lakh
29 Sep 2018
Director ceased
KIRAN SHARADCHANDRA KARNIK
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 20 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Archimedis Digital Private Limited U72900TN2022PTC152741 Chennai, Tamil Nadu, India
Altizon U72900PN2013PTC146972 Pune, Maharashtra, India
Lq Pay India Private Limited U72900TG2019FTC130341 Hyderabad, Telangana, India
Asprcm Solutions Private Limited U72900TN2020PTC137374 Ambattur, Tamil Nadu, India
Ittstar Global Services Private Limited U72200KA2018PTC112302 Bangalore, Karnataka, India
Bolt U72900KA2020PTC132366 Bangalore South, Karnataka, India
Aecor Digital International Private Limited U72900GJ2020FTC116668 Vadodara, Gujarat, India
Snap2Insight U72900KA2019FTC127623 Bangalore South, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Xenolith Technologies before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Xenolith Technologies: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Xenolith Technologies - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Xenolith Technologies pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Xenolith Technologies - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Xenolith Technologies an active company?

Xenolith Technologies has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Xenolith Technologies financially healthy?

Xenolith Technologies has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Xenolith Technologies?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Xenolith Technologies?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Xenolith Technologies have loans or charges against its assets?

No open charges - all 20 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Xenolith Technologies up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Xenolith Technologies?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.